Edinburgh Merchant Company Order Confirmation 1996

Accounts to be kept by endowments trust and audited

107(1)The endowments trust shall keep accounts of the endowments trust fund showing the income and expenditure and assets and liabilities thereof, to be made up to a date to be fixed by the endowments trust.

(2)The said accounts shall be audited by a registered auditor on behalf of the endowments trust.

(3)A copy of the abstract of the accounts of the endowments trust shall be sent each year to each member of the endowments trust resident in Great Britain.